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Broad Base, Lower Rate: The VAT Design That Supports Competitiveness
October 22, 2025by Dr Dawkins Brown
Well-designed consumption taxes are workhorses of modern fiscal systems: they raise substantial revenue with relatively low distortion—but only if they’re broad-based, neutral, and avoid taxing business inputs. The 2025 International Tax Competitiveness Index (ITCI) splits consumption taxes into rate and base subcategories for a reason: a system that applies a moderate rate to a very...
